Results of General Meeting of Metrostav a.s.

The General Meeting of Metrostav a.s. held on May 7, 2015 adopted the following resolutions: • The General Meeting approved the financial statements for the year ended December 31, 2014. • The General Meeting approved the consolidated financial statements for the year ended December 31, 2014. • The General Meeting approved the following use of profit earned in 2014: Mandatory Contribution to Reserve Fund CZK 0.00 Payment of Dividends CZK 169,993,362.00 (Dividend in the amount of CZK 21.50 per share with a nominal value of CZK 100) Payment of Directors’ Fees CZK 0.00 Transfer to Retained Profit Account CZK 283,019,654.07 Total Profit To Be Distributed CZK 453,013,016.07 Further, the General Meeting made the following decisions: • The date of record for the payment of dividends for the year 2014 is the date of the General Meeting, i.e. May 7, 2015. • The payment date for dividends for the year 2014 will fall three months after the date of record, i.e. on August 7, 2015. • Dividends will be paid to shareholders using the following payment terms: • Payment terms for the payment of dividends to shareholders of Metrostav a.s.: • The Company will pay dividends at its expense on the payment date by a transfer of funds to the bank account of a shareholder specified on the list of shareholders (Section 348, Paragraph 3 of the Business Corporations Act); the list of shareholders is substituted by a register of book-entry securities maintained in accordance with the law by the Central Securities Depository (Article 6, Paragraph 1 of the Company’s Articles of Association); • A dividend payable to a shareholder with their permanent address or registered office in a country other than the Czech Republic or Slovakia who fails to present a certificate of tax domicile will be subject to withholding tax at the rate in effect in the Czech Republic; • Shareholders to whom dividends for the year 2014 cannot be paid by a transfer of funds to the bank account specified on the list of shareholders by December 31, 2015, regardless of the reason, will be paid dividends based on a request, which must be delivered to the Company’s address: o Natural Persons – A written request specifying the shareholder’s name and surname, date of birth, and address, as well as the identification of the bank account to which payment is to be made, bearing a notarized signature, mailed to the registered office of Metrostav a.s. no later than on the expiration date of the entitlement to payment of the dividend, i.e. no later than on August 7, 2018; o Legal Entities – A written request specifying the shareholder’s name, Identification Number, and registered office, as well as the identification of the bank account to which payment is to be made, bearing notarized signatures of the persons authorized to act on behalf of the shareholder and including the original or a notarized copy of an abstract from the Commercial Register not older than three months, mailed to the registered office of Metrostav a.s. no later than on the expiration date of the entitlement to payment of the dividend, i.e. no later than on August 7, 2018. Furthermore, the General Meeting: • Approved an amendment to the Articles of Association; • Charged PricewaterhouseCoopers Audit, s.r.o. with carrying out an audit of the fiscal performance of Metrostav a.s. in the year ended December 31, 2015; • Charged EKSPERT Zakładem Usług Księgowo-Finansowych Sp. z o.o. Grupa FINANS-SERVIS with carrying out an audit of the fiscal performance of Metrostav S.A. oddzial w Polsce in the year ended December 31, 2014 and in the year ended December 31, 2015; • Discharged Member of the Metrostav a.s. Audit Committee Miroslav Pánek effective as of May 7, 2015; • Elected Daniel Knotek as Member of the Board of Directors; • Elected Jindřich Hess as Member of the Supervisory Board; • Elected František Potisek as Member of the Supervisory Board; • Elected Lukáš Kvapil as Member of the Audit Committee; and • Approved amendments to the executive service agreements with the re-elected members of the Company’s bodies and a service agreement with a member of the Audit Committee. 2010 – 2014 Financial and Operating Results 2014 2013 2012 2011 2010 Production CZK '000 19,314,347 21,595,901 20,826,075 21,674,888 21,135,621 Revenues CZK '000 20,263,044 20,545,227 20,656,063 21,491,000 21,238,855 Value Added CZK '000 2,597,343 3,869,634 3,683,643 3,921,534 3,949,018 Operating Profit/Loss CZK '000 479,016 776,914 908,483 856,674 955,150 Net Income for Fiscal Period CZK '000 453,012 286,666 288,578 704,454 714,210 Total Assets CZK '000 18,987,459 20,134,085 19,198,328 19,250,827 19,243,078 - Fixed Assets CZK '000 4,976,902 3,964,711 4,237,125 4,386,859 4,318,598 - Current Assets CZK '000 1, 837,570 15,874,467 14,701,309 14,684,990 14,721,792 Equity CZK '000 6,347,601 6,054,393 6,282,068 6,202,444 5,640,195 Registered Capital CZK '000 790,667 790,667 790,667 790,667 790,667 Liabilities CZK '000 11,657,781 13,344,214 12,130,814 12,287,568 13,088,507 Headcount (FTE) Employees 2,889 3,063 3,147 3,106 3,071 Nominal Monthly Income CZK 44,234 43,381 46,523 43,937 40,955 Value Added per Employee CZK '000 899 1,263 1,171 1,263 1,286 Profit per Employee CZK '000 157 94 92 227 233 Dividends Paid CZK '000 169,993 169,993 169,993 169,993 169,993 Production in Main Segments of Construction Market 2010 2011 2012 2013 2014 1 - Civil Engineering CZK '000 4,994,477 5,250,420 5,575,226 6,011,186 4,220,917 2 - Housing CZK '000 1,196,915 1,392,310 858,341 801,126 1,109,732 3 - Industrial Facilities CZK '000 2,065,856 3,394,452 3,644,571 4,419,461 3,813,101 4 - Transport Infrastructure, Subway CZK '000 3,982,996 4,805,447 4,774,339 4,615,409 6,274,292 5 - Underground Structures CZK '000 6,692,872 5,000,804 3,991,576 3,641,132 2,154,019 6 - Other CZK '000 1,531,703 1,098,873 1,209,375 1,612,405 1,065,097 TOTAL CONSTRUCTION PRODUCTION CZK '000 20,464,819 20,942,306 20,053,428 21,100,719 18,637,158 Fiscal Overview The Company’s production in 2014 amounted to CZK 19,314 million. This figure represents a decrease from previous years, but conforms to the forecast and planned results. Operating profit amounted to CZK 479 million. Net income before taxes amounted to CZK 547 million, a 17.7% year-on-year increase. Net income before taxes in 2013 amounted to CZK 465 million. The balance sheet total amounted to CZK 18,987 million, a 5.7% decrease from the previous year, mainly due to the development of current assets and liabilities. The value of long-term financial assets increased as a result of an increase in the size of selected ownership interests. Fiscal Forecast for 2015 The forecast for production and earnings in 2015 corresponds to realistically achievable results in consideration of the current and anticipated developments on the construction market. The Company’s priority is to maintain current profitability and operating efficiency.